In a bid to empower Malay entrepreneurs, the Malay Chamber of Commerce Malaysia (DPMM) is spearheading innovative strategies aimed at fostering collaboration, enhancing digitalization, and expanding international engagement. The establishment of business consortia serves as a pivotal step towards assisting small and medium enterprises (SMEs) in accessing large-scale projects while driving the Gerakan Ekoniaga Madani (GEMA) initiative to boost competitiveness on both local and global fronts.
President Norsyahrin Hamidon envisions these strategic moves as transformative measures set to reshape the landscape for Malay entrepreneurs by addressing prevalent challenges such as market dynamics, digital economy evolution, and compliance with environmental standards. Through the formation of consortia focusing on information technology, solar energy, and construction sectors, DPMM aims to harness the collective expertise of its members within the Malay business community.
By consolidating efforts through consortia collaborations, SME entrepreneurs are presented with new opportunities to participate in mega projects traditionally dominated by larger corporations. Notably, initiatives like assembling Malay-owned companies for solar projects have already garnered attention from prominent entities like Petronas. This inclusivity not only enhances business prospects but also fosters a more competitive marketplace conducive for growth.
Furthermore, DPMM’s GEMA program underscores its commitment to amplifying digitalization efforts among entrepreneurs. By conducting nationwide roadshows to facilitate data collection and bolstering digital infrastructure capabilities, DPMM seeks to equip members with essential technological skills vital for sustained relevance in an increasingly digitized economy. The introduction of the AduBusiness platform further streamlines communication channels between entrepreneurs and relevant stakeholders.
Looking ahead to Budget 2025 allocations supporting SMEs and Malaysia’s upcoming ASEAN chairmanship, DPMM is actively forging collaborations with international chambers of commerce in countries like Singapore, Thailand, and Turkiye. These partnerships aim at unlocking fresh avenues for local businesses within ASEAN markets while positioning them favorably on a global scale.
Moreover, recognizing the emergence of the gig economy as a burgeoning sector ripe with potential growth opportunities, DPMM is dedicated to providing robust support structures tailored towards empowering entrepreneurs operating within this realm. By prioritizing targeted strategies that align with Malaysia MADANI’s aspirations and the 13th Malaysia Plan objectives, DPMM remains steadfast in its mission to drive economic empowerment within the Malay community.
In essence, through its multifaceted approach encompassing consortium formations, digital upskilling programs like GEMA, international collaborations expedited by ASEAN chairmanship preparations alongside support structures for gig economy participants – DPMM stands poised as a catalyst propelling Malaysian entrepreneurs towards sustainable growth trajectories in an ever-evolving economic landscape.
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